RE: Long term hold and take up rights9 Jan 2021 19:34
The price over the last few months has been depressed due to the company’s future. In my view it should have risen on all the good news and bookings, nearer £9.
The reason the share price bottomed at 367p before strongly bouncing into close was because with dilution the sp will settle around 450p upon share issue.
This is not heading to £1 or £2.5. On Monday the share will settle out above £4 plus. The new shares have been factored in.
By the time the new shares hit the market we will be much further through recovery. Bookings will be up et cetera.
This is why the share won’t tank as people, traders, hope.
Onwards and upwards TUI